Nevada Corp vs. Wyoming

Nevada vs. Wyoming Incorporation Comparison

Comparing the business tax climates in Wyoming and Nevada is tough. Both Wyoming and Nevada do not have corporate income tax, franchise tax or tax on corporate shares. Neither Nevada nor Wyoming has personal income tax, gift tax or unitary tax. Wyoming does have estate tax where Nevada does not have that tax. The big advantage of incorporating in Nevada is in asset protection. Incorporations in Nevada can be series LLC. Nevada corporations also benefit from the highest standard of corporate veil protection. We hope the table below will be helpful when deciding whether to incorporate in Nevada or Wyoming:

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Nevada

Wyoming

Tax Foundation's, Corporate Tax Ranking Index

1

1

Personal Income Tax

NONE

None

Tax Foundations, Personal Income Tax Ranking Index

1

1

No Franchise Tax

No Tax on corp shares

No Gift Tax

No Unitary Tax

No Estate Tax

Statutory Indemnification of Officers, Directors & Employees

Charging Order Protection for Corporation

Charging Order is Creditor's Sole Remedy for LLC or Corporation

Highest Standard of Corporate Veil Protection

Series LLC Allowed

Business Court *

There is a lot to consider when selecting the best state in which to incorporate. At Nevada Corporate, we can help you through all the steps and get you the professional advice you deserve. Contact us today to learn more!